1 Waterway Ln
Hilton Head Island, SC 29926
Safe Harbor Skull Creek · Specialty Property For Sale · 2,350 SF

152 Slip Marina with concrete floating docks on 13.32 acres with a prime location on Hilton Head Island, SC and the Atlantic ICW. New Marinetek concrete docks and utilities installed in 2018 for 1/3 of the slips at a cost of $3.1 M. Marina Operations include a high-volume Fuel Dock on the ICW and 30 ton Haul-out Service and Boatyard. Adjacent existing restaurant property is available for sale (by third party). Valid permits are issued to expand the marina with 70 yacht slips (3,340 LF) - including BIG Funding Approval for $1.3 M. Upland development potential for 21 luxury condominium units. Marina is located within Hilton Head Plantation, a prestigious golfing community - just blocks from the Golf Clubhouse. Marina is offered at 7.24% Cap Rate on existing NOI - with Upside Potential in the permitted marina expansion and upland development.